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Company Insights

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The rise of the chatbot: fintechs and investors embracing social media

25th September 2018

Chatbots have been around for more than half a century, and they’re often dismissed as little more than a source of empty small talk for bored social media users. Yet over the course of the last few years, fintechs have turned that perception on its head by transforming traditional social media chatbots into dynamic and secure payment...
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Danske Bank: What we know so far

21st September 2018

A National Crime Agency (NCA) spokesperson told bobsguide this morning it is “aware of the use of UK registered companies in this case and has related on-going operational activity. The threat posed by the use of UK company structures as a route for money laundering is widely recognised and the NCA is working with partners across government...
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Banking innovation: incumbents hit back at challengers

20th September 2018

Speaking at the Global Digital Banking Conference, Ruchir Rodrigues, managing director of digital banking at Barclays, took to the stage to deliver a presentation that the agenda described as ‘Digital Banking: Imagination to Execution’. “At Barclays the whole bank is digital,” he began, “you could say we’re...
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“Lack of skilled developers” may have led to Equifax breach

20th September 2018

A market-wide lack of skilled developers could be the reason why hacks such as that which led to consumer reporting agency Equifax being fined by the Information Commissioner’s Office (ICO), according to research by software intelligence firm CAST. “The solution is not to rely on the ability to hire good developers so they write...
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As Brexit threatens, Absa Bank opens Africa to UK investors

19th September 2018

Last week Absa Bank, one of Africa’s largest diversified financial services groups, launched its UK office.   The move supports the group’s ambition to open Africa to the UK and Europe as the preferred corporate and investment banking partner, even if trade relations between the UK and Europe seem to be heading for a no-deal; the...
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Banks drive blockchain commodities platform

19th September 2018

Announed on September 19, komgo SA aims to digitalise the commodities trading sector through a blockchain based open platform. The founders of the new venture include: BNP Paribas, Citi, ABN AMRO, Crédit Agricole Group, Gunvor, ING, Koch Supply & Trading, Macquarie, Mercuria, MUFG Bank, Natixis, Rabobank, Shell, SGS, and Societe...
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Forward-looking banks go to market for fintech elevation

18th September 2018

“There’s a reluctance,” said Hans Tesselaar, executive director of the Banking Industry Architecture Network (Bian), when asked about banks’ attitudes to opening up their systems to third party fintech vendors. “Why should you open up all your very sensitive bank account information to third parties when all...
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Legacy failings ramp up finance's digital costs

18th September 2018

The recent CIO Survey by Couchbase, the innovative NoSQL database company, found that financial services spent twice the industry average spend on digital transformation in the last 12 months, or $42m compared to the average $24m. The reason may be that financial services CIOs are investing in the wrong things, according to Jes Breslaw, Director...
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Eyesclear CEO: “Outside of all this existing software, there is a whole world evolving. Banks are not able to grasp that”

17th September 2018

The regtech market is growing, and will become of increasing importance for financial institutions in the months to come. But for Erkin Oksel, CEO of regtech organisation EyesClear, an ingrained culture is preventing banks from investing in technological innovation. “The people in the banks should be appraised and should be supported when...
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The Zero Fee card acceptance revolution: How they do it

17th September 2018

The costly card payment acceptance fee is among the most frequently cited complaints of small businesses across Europe. Small merchants, a slave to ‘cash only’ and the swift departure of ‘card only’ customers from the shop, used to mean that commerce and transaction were lost for good. But, it would seem the...